Mubasher: Fitch Ratings has affirmed the long-term credit rating of Burgan Bank at “A+”, with a “stable” outlook.

The rating measures the issuer’s ability to repay its liabilities, according to a bourse statement on Tuesday.

Burgan Bank’s financial strength rating (FSR) was affirmed at “bb”.

The classification of support and the minimum level of support for Burgan Bank reflects Fitch’s view for a big possibility that the Kuwaiti authorities may back local banks.